SDBC: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SDBC
Largest movements
- Receivables within one year +€90,794
up €90,794 (+18158.7%), from €500 to €91,294
of which Other amounts receivable: +€91,224
- Tangible fixed assets +€36,459
new in 2025: €36,459
- Deferred charges and accrued income +€10,908
new in 2025: €10,908
- Cash -€5,244
down €5,244 (-72.9%), from €7,191 to €1,947
mainly Receivables within one year (-€90,794) and Investment in fixed assets (net) (-€36,533)
- Reserves +€48,538
up €48,538 (+13779.1%), from €352 to €48,891
- Debts after one year +€31,879
new in 2025: €31,879
- Accrued charges and deferred income +€23,502
new in 2025: €23,502
- Other debts +€14,801
up €14,801 (+7446.8%), from €199 to €15,000
- Tax, wage and social debts +€11,374
up €11,374 (+7496.5%), from €152 to €11,525
- Gross operating margin +€60,031
up €60,031 (+11651.3%), from €515 to €60,546
- Taxes +€11,374
up €11,374 (+7496.5%), from €152 to €11,525
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,691 | €140,608 | +€132,917 | +1728.3% |
| Fixed assets | 21/28 | - | €36,459 | +€36,459 | |
| Tangible fixed assets | 22/27 | - | €36,459 | +€36,459 | |
| Plant, machinery and equipment | 23 | - | €36,459 | +€36,459 | |
| Current assets | 29/58 | €7,691 | €104,149 | +€96,458 | +1254.2% |
| Amounts receivable within one year | 40/41 | €500 | €91,294 | +€90,794 | +18158.7% |
| Trade receivables | 40 | €500 | €70 | -€430 | -86.0% |
| Other amounts receivable | 41 | - | €91,224 | +€91,224 | |
| Cash at bank and in hand | 54/58 | €7,191 | €1,947 | -€5,244 | -72.9% |
| Deferred charges and accrued income | 490/1 | - | €10,908 | +€10,908 | |
| Total equity and liabilities | 10/49 | €7,691 | €140,608 | +€132,917 | +1728.3% |
| Equity | 10/15 | €5,352 | €53,891 | +€48,538 | +906.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €352 | €48,891 | +€48,538 | +13779.1% |
| Distributable reserves | 133 | €352 | €48,891 | +€48,538 | +13779.1% |
| Amounts payable | 17/49 | €2,339 | €86,717 | +€84,379 | +3608.1% |
| Amounts payable after more than one year | 17 | - | €31,879 | +€31,879 | |
| Financial debts | 170/4 | - | €31,879 | +€31,879 | |
| Amounts payable within one year | 42/48 | €2,339 | €31,336 | +€28,998 | +1240.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,654 | +€4,654 | |
| Trade debts | 44 | €1,988 | €157 | -€1,831 | -92.1% |
| Suppliers | 440/4 | €1,988 | €157 | -€1,831 | -92.1% |
| Taxes, remuneration and social security | 45 | €152 | €11,525 | +€11,374 | +7496.5% |
| Taxes | 450/3 | €152 | €11,525 | +€11,374 | +7496.5% |
| Other amounts payable | 47/48 | €199 | €15,000 | +€14,801 | +7446.8% |
| Accrued charges and deferred income | 492/3 | - | €23,502 | +€23,502 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €74 | +€74 | |
| Other operating charges | 640/8 | - | €250 | +€250 | |
| Gross operating margin | 9900 | €515 | €60,546 | +€60,031 | +11651.3% |
| Operating profit (loss) | 9901 | €515 | €60,222 | +€59,707 | +11588.4% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €11 | €170 | +€159 | +1411.1% |
| Recurring financial charges | 65 | €11 | €170 | +€159 | +1411.1% |
| Profit (loss) for the period before taxes | 9903 | €504 | €60,064 | +€59,560 | +11817.9% |
| Income taxes | 67/77 | €152 | €11,525 | +€11,374 | +7496.5% |
| Profit (loss) for the period | 9904 | €352 | €48,538 | +€48,186 | +13679.1% |
| Profit (loss) for the period to be appropriated | 9905 | €352 | €48,538 | +€48,186 | +13679.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.